The tax multiplier equals change in equilibrium real GDP divided by change in taxes.
What is tax multiplier?In economics, the term "tax multiplier" refers to the degree to which GDP will be affected by a change in taxes. With the use of this instrument, the government can adjust taxes to exactly the level required to enhance GDP (decline). As opposed to making an educated guess, this enables the government to modify taxes precisely. There won't be a 10% increase in aggregate demand if taxes are cut by 10%. The explanation for this can be seen in the above example of a paycheck, where we saw how someone may decide how much of a transfer to save and how much to spend. Your contribution to overall demand will depend on how much money you spend; your contribution won't depend on how much money you save.
To learn more about tax multiplier, visit:
https://brainly.com/question/28140364
#SPJ4
question content area what is the type of account and normal balance of allowance for doubtful accounts? a.contra asset, credit b.contra asset, debit c.asset, credit d.asset, debit
Option a. contra asset, credit is the correct option of the given statement.
An allowance for doubtful accounts is considered a “contra asset,” because it reduces the amount of an asset, in this case the accounts receivable.
Allowance for Doubtful Accounts: What Type of Account and Normal Balance?On the asset side of the balance sheet, the allowance for doubtful accounts account is mentioned, but since it is a contra asset account rather than a standard asset account, it has a normal credit amount.
Is an allowance for dubious accounts an account, and is its typical balance a debit or a credit?The bad debt expense associated to credit sales is estimated using the allowance for doubtful accounts, a contra-asset account. The normal balance of the account is a credit balance, and it is shown on the balance sheet as a reduction from the gross receivables.
To know more about contra asset visit :
https://brainly.com/question/28199762
#SPJ4
Decisions relating to the range of products and services a firm will offer determine the firm's
a. absorptive capacity.
b. geographic scope.
c. level of diversification.
d. vertical integration.
A company's decision-making processes affect the kind of goods and services it will provide. Level of diversification
When a business unit enters a new market within the current industry that the company is currently operating in, this is known as diversification at the business-unit level. When a diversified corporation engages in business outside of its original area of expertise, this is known as diversification at the corporate level. the current business divisions. diversity within a group. Concentric diversification entails expanding the company's current product or service offering.
Vertical diversification .Diversification inside conglomerates. When businesses launch new products into a new market with the intention of expanding, this is known as a business diversification strategy. Large multinational corporations are better suited for the diversification strategy.
Learn more about diversification visit https://brainly.com/question/28118982
#SPJ4
Scott has a life insurance policy in which the divends are left with the insurance company. this particular policy may be paid up when the cash value plus accumulated dividends: ________
Scott has a life insurance policy in which the dividends are left with the insurance company. this particular policy may be paid up when the cash value plus accumulated dividends equal the net single premium for the same face amount at the insured's attained age
A dividend that has not yet been paid to the shareholder on a share of cumulative preferred stock is known as an accumulated dividend. Cumulative preferred stock investors get their dividends before other stockholders do.
Cumulative Dividend Formula = Preferred Dividend Rate X Preferred Share Par Value
Preferred Dividend Rate = The rate set by the corporation at the time of share issuance.
Preferred shares = Preferred Shares Par Value. Depending on the terms of the issue, the dividend rate may be either fixed or fluctuating.
To know more about accumulated dividends : https://brainly.com/question/14006397
#SPJ4
when a japanese investor buys stock in general motors, which of the following transaction would this be considered for the united states?
Financial account transaction occurs when a Japanese investor buys stock in General Motors.
The financial account contains a systematic summary of all financial transactions. The financial account shows how net lending sectors allocate their surpluses by acquiring assets or reducing liabilities, and how net borrowing sectors obtain resources by incurring liabilities or depleting assets.
An element of a nation's balance of payments known as a financial account covers claims on or liabilities to nonresidents with regard to financial assets. Direct investment, portfolio investment, and sector-specific reserve assets are among the elements of a financial account.
Learn more about financial account here:
https://brainly.com/question/16550059
#SPJ4
Given the following objective, raise brand awareness to at least 40 percent among consumers 18 to 49, which critical element of an actionable objective is missing?.
The objective missing is a quantitative benchmark for raising brand awareness to at least 40 percent.
Brand Awareness:It relates to a customer's ability to recognize or recall a brand under various conditions. This memory comprises several brand identification visual components, general sentiments about the firm, and any other product or service information.
Brand awareness is an important part of brand equity (the value of a brand). Potential customers' ability to identify and recall a brand can have an impact on its long-term success. It might help the marketing team determine how well potential customers know and recall brands, and then leverage successful advertising efforts to boost brand recognition.
The apex of the marketing funnel is brand awareness. It is the first time potential customers come into contact with the company, and the marketing team's job is to entice them and convert them into paying customers by gradually pushing them down the funnel.
To know more about Brand awareness visit the link:
https://brainly.com/question/1875826
#SPJ4
in activity-based costing, the factor which drives costs and causes costs in the pool to be incurred is a
In activity-based costing, the factor which drives costs and causes costs in the pool to be incurred is a cost driver.
All transactions, regardless of their nature, must be recorded as soon as they take place, according to the accounting concept of incurred.
An expense is incurred when your company pays for goods or services it receives. Expenses that you have already paid for are known as paid expenses.
Any system for allocating costs to a component of a business is referred to as costing. Costing is typically used to develop costs for customers, distribution channels, employees, geographical regions, product lines, processes, subsidiaries, and entire businesses. Costing is how an entrepreneur determines how much it costs to produce or sell each individual product (good or service).
Learn more about incurred here :
https://brainly.com/question/14970347
#SPJ4
accounts receivable represent . multiple choice question. cash sales made by the business over the period amounts owed to a business by its customers amounts owed by a business to its suppliers
Accounts receivable represents the amount owed to a business by its customers, generally due to credit sales by the business.
The balance of money owed to a business for products or services provided or utilized yet to be payed for by clients is known as accounts receivable (AR). On the balance sheet, accounts receivable are displayed as a liquid assets. Any amount of money that clients owe for transactions they made using credit is known as AR. Receivables, also known as accounts receivable, are a company's line of credit that typically include conditions that call on payments to be received within a somewhat short time frame. A few weeks to a financial or calendar year are usually included.
Due to the customer's legal duty to pay the debt, businesses include accounts receivable as an asset on their balance sheets.
Learn more about accounts receivable here:
https://brainly.com/question/13166196
#SPJ4
part of the argument against deficits is that they a. decrease interest rates and investment. b. decrease interest rates and increase investment. c. increase interest rates and investment. d. increase interest rates and decrease investment.
Part of the argument against deficits is that they decrease interest rates and investment.
When governments run a budget deficit, they borrow more. Increased government borrowing increased demand for loanable funds and the interest rate goes up. Higher interest rates reduce private investment. This is called the 'crowding out effect'.
To know more about investment, click on the link here:
https://brainly.com/question/14682309
#SPJ4
The long run average cost curve is tangent to an infinite number of?
a. total cost curve
b. margincal cost curve
c. average variable cost curve
d. average total cost curves
There are an infinite number of average total cost curves that are tangent to the long-run average cost curve.
What is the average cost curve over the long run?
Assuming that all production factors are variable, the long-run average cost (LRAC) curve shows the company's lowest cost per unit at each output level. The LRAC curve is based on the assumption that the business has selected the best factor mix for producing any level of output, as described in the previous section.
What is the tangent to when the long-run average cost curve is falling?
The reason for this is that the minimum points of the short-run average cost curves are not tangent to the long-run average curve LAC. For output below OQ, the long-run average cost curve is tangent to the falling portions of the short-run average cost curves when it is declining.
Learn more about average cost curve here:
https://brainly.com/question/29308281
#SPJ4
elaine purchased her living unit in a building with five other separate units. she purchased a:
Elaine purchased her living unit in a building with five other separate units. she purchased a Townhouse.
Technically, a townhouse might be any urban residence, but the term is typically used to describe a particular type of multi-story house that shares one or more walls with nearby homes. Each has a separate entrance, and many also have a little front lawn and backyard.
Townhouses are frequently constructed as a part of neighborhoods or gated communities. The affordability, HOA and shared amenities, and close proximity to neighbors are benefits of townhouse living. The drawbacks of townhouse living include a smaller living area, fewer design options, and less privacy.
To know more about suburban areas: https://brainly.com/question/28279311
#SPJ4
The country of Scotland was moved by the martyrdom of:
Answer: patrick hamiltion
Explanation:
12. As the second trial began, what happened to Ruby Bates?
She was missing and they could not find her.
minnie inc. sells equipment that cost $90,000 and had been depreciated $65,000. if minnie received $20,000 in exchange for the equipment, how would she record a gain/loss on sale?
Minnie inc. recorded a loss of $5000 on the equipment
Depreciation is an accounting technique that distributes an asset's cost over the course of its anticipated useful life. Depreciation is a recurring expense that businesses report on their income statement. Assets depreciate over time, losing value. Depreciation can be calculated using one of four different approaches: straight-line, units of production, double declining balance, or sum of the years' digits.
Cost of equipment = $90000
Depreciation amount = $65000
Value of machine after depreciation = 90000 - 65000 = $25000
Money received after exchange = $20000
Gain/loss = Money received - Value of machine after depreciation
= 20000 - 25000
= -5000
Learn more about depreciation:
https://brainly.com/question/15085226
#SPJ4
foreign steel exports, a company based in brazil, colludes with other steel-export companies from around the world to agree on the price of steel sold in the u.s., which causes the price of steel in the u.s. to substantially increase. this type of agreement:
This type of agreement is a violation of the Sherman Act.
A piece of antitrust law from the United States, the Sherman Antitrust Act of 1890, established the idea of unlimited competition between companies. It was authorized by Congress, and its main author is Senator John Sherman. The Sherman Act forbids "any contract, combination, or conspiracy in restraint of trade," as well as "every monopolization, attempted monopolization, conspiracy, or combination to monopolize." In order to avoid monopolistic alliances that impede trade and erode economic competition, the Sherman Antitrust Act was created in 1890. It prohibits both formal cartels and attempts to monopolize any sector of American commerce.
To learn more about Sherman Act: https://brainly.com/question/2119756
#SPJ4
Using the amount of his current paycheck, miguel created a series of financial goals and strategies. Which type of financial risk might this cause for him in the future?.
The possibility that inflation will result in a decrease in the purchasing power of an investment will be referred to as inflationary risk.
Because bond payments are typically based on fixed interest rates, an increase in inflation has a negative impact on their purchasing power, making them particularly vulnerable to inflationary risk.
What is an illustration of a risk from inflation?
The classic illustration of an asset that is subject to inflationary risk is lending a fixed amount of money for later repayment. This is because the money repaid may be significantly less valuable than the money lent.
Is the risk of inflation a systematic risk?
The systematic risk component of inflation risk is the possibility that all prices will rise. This risk has an impact on all customers. It is impossible to diversify away this risk. The non-systematic risk component of inflation risk is the possibility of an increase in the prices of a specific goods basket.
Learn more about inflationary risk here:
https://brainly.com/question/26113005
#SPJ4
which of the following can you expect from opportunity teams? a. they form long-term relationships with customers b. they share information, tips, or contacts that help close a deal c. they split credit equally on every opportunity d. b and c
Option d. The options that you would have to expect from opportunity teams are:
they share information, tips, or contacts that help close a deal c. they split credit equally on every opportunityWhat are opportunity teams?An opportunity team in Salesforce is a group of users who frequently collaborate on sales opportunities. The account manager, the salesperson, and a pre-sales consultant could make up a typical opportunity team. The group works together to monitor progress and close the opportunity.
Salesforce users can quickly provide other users customized read/write access to the records they own by using opportunity teams to effectively "open" the records they possess. These recently recruited users can then be given pre-made roles that fit with the organizational structure of your company.
Read more on opportunity teams here: https://brainly.com/question/28523095
#SPJ1
according to james marcia, the term ____ refers to the part of identity development in which adolescents show a personal investment in what they are going to do.
According to James Marcia, the term commitment refers to the part of identity development in which adolescents show a personal investment in their own identity.
What are the Marcia's 4 identity stages?Basically, an Identity refers to the unique set of characteristics that can be used to identify a person as themself and no one else
According to James Marcia, all individual have a four identity stages which includes:
diffusion (low exploration, low commitment)foreclosure (low exploration, high commitment)moratorium (high exploration, low commitment)achievement (high exploration, high commitment).Read more about James Marcia
brainly.com/question/10702274
#SPJ1
A company producing cosmetics may have hundreds of suppliers, some of which may be selling the same or similar raw and packaging materials to other cosmetics manufacturing companies. In addition, that same cosmetics manufacturer may sell to a retailer that buys similar cosmetics from a number of other manufacturers. This scenario illustrates.
The network of all the people, organizations, resources, activities, and technology involved in the production and sale of a product is called a supply chain. Everything from the supplier's delivery of raw materials to the manufacturer's delivery of finished goods to the end user is included in a supply chain.
What is a store network model?
The practice of coordinating the various activities required to produce and deliver goods and services to a company's customers is known as supply chain management. Designing, farming, manufacturing, packaging, and transporting are all examples of activities that fall under the supply chain.
Which three basic supply chains are there?
There are three fundamental progressions of production network the board: the flow of products, information, and finances. The Product Flow The movement of goods from a supplier to a customer is referred to as the product flow. Customer returns and service requirements are also addressed in this flow of supply chain management.
Learn more about supply chain here:
https://brainly.com/question/15217906
#SPJ4
the approach to organizational structure that gives worldwide responsibility to strategic business units for the marketing of their product lines is known as product differentiation. True or False
The statement is true. The approach to organizational structure that gives worldwide responsibility to strategic business units for the marketing of their product lines is known as product differentiation.
Product differentiation is the characteristic or characteristics that make your service or product stand out for your target market. it's the way you distinguish what you promote from what your competitors do, and it will increase logo loyalty, income, and growth.
In economics and advertising, product differentiation is the process of distinguishing a products or services from others, to make it more appealing to a selected goal marketplace. This includes differentiating it from competitors' merchandise in addition to from a company's other products.
Product differentiation is vital in today's economic climate. It permits the seller to contrast its own product with competing products within the marketplace and emphasize the precise elements that make its product superior.
Learn more about Product differentiation here : https://brainly.com/question/8107956
#SPJ4
monopolistic competition normally consists of 25 to 75 firms rather than hundreds or thousands and involves which of the following characteristics?
a. Small market shares
b. No collusion
c. Independent action
Monopolistic competition normally consists of 25 to 75 firms rather than hundreds or thousands and involves Small market shares, No collusion, and Independent action.
Monopolistic competition is a type of competition in which many producers compete with each other but sell different products and therefore are not perfect substitutes.
To have or gain complete control over anything, especially in the business sphere. To prevent others from having a share, she did not feel that the fine was a sufficient deterrent against monopoly practices by large producers. The company has been accused of monopoly conduct. see. monopoly. Monopolistic competition exists between monopoly and perfect competition and involves companies combining the elements of each and offering similar but not identical product offerings.Learn more about Monopolistic here: https://brainly.com/question/25717627
#SPJ4
if you were one of ten new workers the firm was about to hire, would you prefer to be paid the value of your average product or the value of your marginal product?
No, once the marginal product and average product have reached parity, it is not in the employer's best interests to pay labor according to the value of the average product.
Economics is the study of how different economic actors, like producers and consumers, interact to carry out different activities, like production and consumption. Microeconomics and macroeconomics are the other two divisions of economics.
After the point where the marginal product and average product are equal, the marginal product of labor will begin to decline at a faster rate than the average product of work. Because the labor will benefit more, new workers would like to be paid in accordance with the average product.
No, after the point at which marginal product and average product are equal, it would not be in the employer's best interest to pay the labor according to the value of the average product.
To learn more about Marginal Product, refer to this link:
https://brainly.com/question/14039562
#SPJ4
COMPLETE QUESTION:
Suppose the marginal product of labor is currently equal to its average product. If you were one of 10 new workers the firm was about to hire, would you prefer to be paid the value of your average product or the value of your marginal product? Would it be in the interests of an employer to pay you the value of your average product?
an industry comprising a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions, is called group of answer choices monopolistic competition. oligopoly. pure competition. pure monopoly.
The potential reactions of its rivals in making price-output decisions, is called oligopoly.
What is oligopoly?An oligopoly is a market structure with a small number of firms, none of which can prevent the others from gaining significant influence. The degree of concentration measures the market share of the largest companies. An oligopoly is a situation where a few firms have significant control over a certain market. Together, these companies can control prices by colluding with each other, ultimately offering uncompetitive prices in the market.
Oligopolies are markets in which profit-maximizing competitors determine their strategies by paying attention to how their competitors are likely to respond. In these circumstances, companies can differentiate their products, which may benefit some consumers, but at a cost.
To learn more about oligopoly, refer;
https://brainly.com/question/14093864
#SPJ4
How do I Identify ways in which local businesses apply the marketing concept domestically and abroad and determine how it affects the business customers?
Invest in sponsored social media marketing campaigns or run Face-book banner advertising. Retargeting advertising should be used for prospects who have already visited your website. Customers social media contests to attract new clients.
Promote your products on the radio or television. International marketing is vital since it exposes your company to a bigger, global audience. On a brand level, foreign marketing provides opportunities for improved exposure, product awareness, and sales. Local marketing Customers is when you market your business to people within a certain geographical radius, such as those in your neighborhood or city. By focusing on a single area, you can begin to raise awareness of your products and services in the market that is nearest to you.
To learn more about marketing, click here.
https://brainly.com/question/13414268
#SPJ1
which should be assessed by a brand manager in the selection of social media networks for marketing purposes? (select all that apply) multiple select question. the advertising revenue of the website the characteristics of the visitors to the website the 'newness' of the website the number of visitors to the website
The following should be assessed by a brand manager in the selection of social media networks for marketing purposes :
- The characteristics of the visitors to the website
- The number of daily visitors to the website
What is marketing ?Marketing is the set of activities, institutions and processes for creating, communicating, delivering and exchanging offers of value to customers, visitors , partners and society at large.The 4 P's are product, price, location and promotion. These are examples of the "marketing mix," or the combination of tools and methods that marketers use to achieve their marketing goals. The 4 hp was introduced in 1960 by the E.In short, actions taken to draw attention to a company's offering. Common examples of workplace marketing include TV commercials, roadside billboards, and magazine ads.The importance of marketing in business is to draw the visitors attention to your product or service, increase their engagement, and help them make purchasing decisions. Additionally, a marketing plan that is part of the business plan helps create and maintain demand, relevance, reputation, competition, and more.To learn more about marketing from the given link :
https://brainly.com/question/13414268
#SPJ4
hristina, who is single, purchased 300 shares of apple incorporated stock several years ago for $15,600. during her year-end tax planning, she decided to sell 150 shares of apple for $7,050 on december 30. however, two weeks later, apple introduced its latest iphone, and she decided that she should buy the 150 shares (cost of $7,350) of apple back before prices skyrocket..
Therefore, Hristina has a total of 300 shares, each of which costs $15,900.
What do you mean by shares?Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits by way of dividends. A stock that does not pay dividends does not share its income with its owners.
Why do people buy shares?People acquire and investment and risk as a way to get exposure to both the health and growth of the global economy as well as a specific firm. Whether you have long-term or short-term interests will determine whether you invest in the stock market or trading on their price.
Briefing:She is having 300 shares costing $15,600
After that she sell 150 shares costing $7,050
Therefore
300 Shares = $15,600
Left Shares = 300-150
150 shares are left costing $8,550.
Now again she buys 150 Shares costing $7,350
Since,
Total Number of shares she is having now= 150+150= 300 shares
So, now she is having 300 shares costing $15,900
To know more about Shares visit:
https://brainly.com/question/28437177
#SPJ4
Costs that have no impact on future cash flows and are irrelevant to decisions are ______ costs.
Sunk costs are expenses that are unrelated to decisions and have no bearing on future cash flows.
Sunk costs are expenses that occurred but for which we had no control. Because they previously occurred, these expenses are never taken into consideration throughout our decision-making process.
Money that has already been spent and cannot be recouped is known as a sunk cost. The sunk cost phenomenon in business is an example of the notion that one must "spend money to make money." A sunk cost is distinct from potential future expenses a company can incur, such choices on the price of products or the cost of purchasing inventories. Future company decisions are not affected by sunk costs because they will remain unchanged no matter what happens.
Sunk costs are expenses that have already been paid for and cannot be recovered.
Sunk costs are often not taken into account in company since they are seen to be unrelated to present and future budgetary concerns.
Relevant expenditures, on the other hand, are expenses for the future that have not yet occurred.
The sunk cost fallacy is a mental barrier that keeps people from moving on from failed projects just because they invested money in them.
Salaries, insurance, rent, nonrefundable deposits, and repairs are a few examples of sunk costs (as long as each of those items is not recoverable).
Not all fixed expenses are sunk costs, but all sunk costs are fixed costs. Sunk costs are different in that they cannot be recovered. Equipment is not a sunk cost, for instance, if it may be sold again or returned for the original price.
salaries, insurance, rent, nonrefundable deposits, and repairs are a few examples of sunk costs (as long as each of those items is not recoverable).
Not all fixed expenses are sunk costs, but all sunk costs are fixed costs. Sunk costs are different in that they cannot be recovered. Equipment is not a sunk cost, for instance, if it may be sold again or returned for the original price.
To know more about SUNK COSTS click here:-
brainly.com/question/29416781
#SPJ4
an investment project provides cash inflows of $630 per year for eight years. a. what is the project payback period if the initial cost is $1,775? (enter 0 if the project never pays back. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. what is the project payback period if the initial cost is $3,450? (enter 0 if the project never pays back. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. what is the project payback period if the initial cost is $5,200? (enter 0 if the project never pays back. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
An investment project is a group of interconnected tasks and activities that a corporation undertakes to accomplish specific financial or economic objectives.
Why are investment projects important?Investment projects are the fundamental tools for decision-making based on a commercial, technical, environmental, economic, financial, and social analysis because of their level of importance in industrial development.Why investment is important. Investing is a successful approach to use your money and possibly increase your fortune. Your money may grow in value and outpace inflation if you make wise investment decisions. The power of compounding and the trade-off between risk and return are the main reasons investment has a higher growth potential.A new capital investment project is crucial for the development and growth of a business. Due to the fact that it frequently sparks research and development, it is also crucial for the economy as a whole. This kind of project is one that involves the growth of an existing product line or the creation of a new product market, also known as the target market.To Learn more About investment project refer to :
https://brainly.com/question/24301559
#SPJ4
Which theory would support the idea that by increasing the efficiency of resource utilization in the global economy, international trade results in greater economic growth and provides economic benefits to all countries that participate in a global trading system?.
Comparative advantage theory would support the idea that by increasing the efficiency of resource utilization in the global economy.
The required details about Comparative advantage is mentioned in below paragraph.
Comparative advantage is an economy's capacity to supply a selected correct or provider at a decrease possibility price than its buying and selling partners. Comparative advantage is used to provide an explanation for why companies, countries, or people can advantage from change.In an monetary model, retailers have a comparative benefit over others in generating a selected correct if they could produce that correct at a decrease relative possibility price or autarky price, i.e. at a decrease relative marginal price previous to change.
The idea of comparative advantage holds that even supposing one country can produce all items extra cost effectively than can some other country, each countries can nevertheless change below situations in which every benefits.
To learn about Comparative advantage visit here.
https://brainly.com/question/13236978
#SPJ4
a financial planner is examining the portfolios held by several of her clients. identify which of the following portfolios is likely to have the smallest standard deviation:
A financial planner is checking the portfolios held by some of his clients. identify which of the following portfolios is likely to have the smallest standard deviation is Portfolio with 10 stocks randomly selected from the US and international markets.
Portfolio is a collection of documents originating from individuals, groups, organizations, companies, institutions and so on which are neatly arranged from all important work and activities that have been carried out. A portfolio is a collection of work, skills, education, and work experience.
With a portfolio, other people can find out about the career history of a professional and his various achievements. The definition of portfolio may experience a slight change in meaning, depending on one field and another.
Learn more about Portfolio here brainly.com/question/29333981
#SPJ4
Much to the chagrin of established firms, one clear supertrend is that products and services must get to market faster because
a. it takes lots of resources to survive disruptive innovation.
b. more competitors are offering targeted products.
c. globalization is transforming whole industries.
d. knowledge is the new competitive advantage.
Option a is correct. Because more rivals are delivering targeted items, the obvious supertrend is that its products and services must reach the market competitors more quickly.
Because more rivals are delivering targeted items, the obvious supertrend is that its products and services must reach the market more quickly.
Businesses that provide a wide range of goods or services are currently under intense pressure from rivals who specialize in one area of the market.
Therefore, the evident supertrend is that its products and services must get to market faster because more competitors are offering targeted offerings, much to the chagrin of the established corporations.
To know more about competitors click here:
https://brainly.com/question/14752851
#SPJ4